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8 Tools And Techniques For Cost Estimation

In my previous article, I have talked about some of the inputs that you need when you are doing cost estimation for projects. In this article, I will be looking at tools and techniques for cost estimation for any project. Follow me as we look at those tools and techniques together in this article.

 

 

#1 Expert judgment

One of the major tools that you will need in order to execute your project successfully is the opinion of experts and skilled resources about the project. You as the project manager at times might not know what to do.

 

 

You have to rely on expert opinion in order to run a successful project. Some of the expert opinions include ideas from a previous similar project, the information in the industry, discipline and application area as well as cost estimation methods that were used for the project.

 8 Tools And Techniques For Cost Estimation

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